Erickson Foundation Tr
- Assets
- $1.6m
- Revenue
- $195.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 55-0722731
Organization Overview
Erickson Foundation Tr is located in Parkersburg, WV. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erickson Foundation Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Erickson Foundation Tr generated $195.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $187.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Erickson Foundation Tr has awarded 28 individual grants totaling $636,515. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ERICKSON FOUNDATION'S MAIN FOCUS IS EDUCATION IN WEST VIRGINIA'S HIGH SCHOOLS AND COLLEGES INCLUDING ATHLETIC PROGRAMS AND FACILIATES, AND ALUMNI CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy G Eddy Trustee | 0 | $0 | |
Laurie A Erickson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,522 |
| Net Rental Income | $38,328 |
| Net Gain on Sale of Assets | $79,380 |
| Capital Gain Net Income | $79,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,109 |
| Total Revenue | $195,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,099 |
| Depreciation | $0 |
| Occupancy | $642 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,472 |
| Total operating and administrative expenses | $67,631 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $187,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,679 |
| Savings and temporary cash investments | $250,204 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $241,103 |
| Investments—mortgage loans | $240,000 |
| Investments—other | $47,070 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$2,480 |
| Total assets | $1,622,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Erickson Foundation Tr has awarded $120,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MARSHALL UNIVERSITY FOUNDATION PURPOSE: UG EXPERIENTIAL LEARNING & RESEARCH | $35,000 |
WVU FOUNDATION - WEST VIRGINIA UNIV PURPOSE: CANCER INSTITUTE MUSIC THERAPY | $35,000 |
WVUP AT PARKERSBURG FOUNDATION PURPOSE: DISTINGUISHED FACULTY CHAIR | $50,000 |